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PowerPlan’s Expanded Tax Repairs Solution Addresses Asset Diversity To Optimize Deductions on Tangible Property

Patent-Pending Solution Now Analyzes Quantity and Cost of a Unit of Property

Atlanta, GA (October 14, 2014) PowerPlan, the leading provider of accounting, tax and capital budgeting optimization solutions for asset-intensive businesses, today announced an update to its patent pending Tax Repairs module to support the final tangible property regulations from the IRS Revenue Bulletin 2013-43.

The enhanced Tax Repairs module allows tax and accounting professionals at asset intensive companies to analyze tax units of property by both dollar and quantity. Tax professionals can now evaluate all components of a project, rather than the project as a whole, capturing the true allowed deduction on each component.  In addition, the Tax Repairs solution allows this analysis to begin at the inception of the project, not just upon completion, insuring a more accurate analysis of assets over the life of a project.

“We have created a product that allows our customers to evaluate tax repairs in the way that matches the diversity in their business,” says Jim Dahlby, Vice President, PowerPlan. “The flexibility of Tax Repairs enables users to evaluate and analyze projects and make the critical decisions that are best for their unique businesses and tax strategy.”

PowerPlan’s Tax Repairs is the only software solution that automates and manages the entire tangible property repair process. PowerPlan is committed to staying up-to-date on new regulations, which is why Tax Repairs is built to seamlessly transition to new accounting standards. The latest update to the Tax Repairs module addresses the guidance issued in Rev. Proc. 2013-24 earlier this year. 

The PowerPlan Tax Repairs module meets the guidelines provided by the IRS and enables users to effectively perform the identification, tracking computation and analysis necessary to find the most appropriate tax repairs deduction while also providing accurate, thorough and transparent reporting and audit support. Companies that have implemented PowerPlan’s Tax Repairs solution have seen higher quality analyses that can be conducted faster and more efficiently. The Tax Repairs module also integrates with PowerPlan’s Asset Accounting and PowerTax systems to deliver a complete asset optimization and cost management solution for asset-intensive companies.

For more information on PowerPlan’s Tax Repairs, visit here.

Existing customers can access the latest upgrade by contacting their PowerPlan representative.  

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email or visit

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For more information contact:
Tiffany Smith


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